As Southern Co (SO) Stock Price Declined, Synovus Financial Has Cut Holding; Brookstone Capital Management Holding in Public Svc Enterprise Group (PEG) Boosted as Stock Price Declined

April 23, 2018 - By Peter Erickson

The Southern Company (NYSE:SO) Logo

Synovus Financial Corp decreased its stake in Southern Co (SO) by 2.32% based on its latest 2017Q4 regulatory filing with the SEC. Synovus Financial Corp sold 21,644 shares as the company’s stock declined 8.19% with the market. The institutional investor held 909,619 shares of the central company at the end of 2017Q4, valued at $43.74 million, down from 931,263 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Southern Co for a number of months, seems to be less bullish one the $45.78B market cap company. The stock decreased 0.01% or $0.005 during the last trading session, reaching $45.215. About 2.00 million shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 23, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Brookstone Capital Management increased its stake in Public Svc Enterprise Group (PEG) by 143.07% based on its latest 2017Q4 regulatory filing with the SEC. Brookstone Capital Management bought 10,168 shares as the company’s stock declined 3.43% with the market. The institutional investor held 17,275 shares of the power generation company at the end of 2017Q4, valued at $890,000, up from 7,107 at the end of the previous reported quarter. Brookstone Capital Management who had been investing in Public Svc Enterprise Group for a number of months, seems to be bullish on the $24.90 billion market cap company. The stock decreased 0.36% or $0.18 during the last trading session, reaching $49.33. About 1.51M shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 10.24% since April 23, 2017 and is uptrending. It has underperformed by 1.31% the S&P500.

Analysts await The Southern Company (NYSE:SO) to report earnings on May, 2. They expect $0.82 EPS, up 24.24% or $0.16 from last year’s $0.66 per share. SO’s profit will be $830.28M for 13.79 P/E if the $0.82 EPS becomes a reality. After $0.51 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts 60.78% EPS growth.

Since October 26, 2017, it had 0 buys, and 1 sale for $2.46 million activity.

Synovus Financial Corp, which manages about $5.73B US Long portfolio, upped its stake in Bravo Brio Restaurant Group (NASDAQ:BBRG) by 220,050 shares to 342,511 shares, valued at $852,000 in 2017Q4, according to the filing. It also increased its holding in Intercontinental Exchange In (NYSE:ICE) by 5,447 shares in the quarter, for a total of 14,369 shares, and has risen its stake in Micro Focus International Pl.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.10, from 1 in 2017Q3. It increased, as 56 investors sold SO shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported. Moneta Gru Investment Advisors Ltd Llc owns 0.03% invested in The Southern Company (NYSE:SO) for 4,518 shares. New York-based Burns J W And Company New York has invested 0.39% in The Southern Company (NYSE:SO). Nelson Roberts Limited Liability Com has 0.01% invested in The Southern Company (NYSE:SO). Novare Capital Ltd Com reported 14,440 shares or 0.12% of all its holdings. First Heartland Consultants accumulated 5,745 shares. Ipswich Invest Mngmt Co holds 20,569 shares. 371,579 are held by Interocean Cap Limited Liability. Aperio Limited Liability Company owns 489,399 shares or 0.12% of their US portfolio. Dynamic Mgmt holds 0.85% or 51,136 shares. Woodmont Invest Counsel Limited Com accumulated 97,901 shares or 1.21% of the stock. Ariel Investments Limited Liability holds 0.48% or 884,757 shares in its portfolio. Pzena Investment Mngmt Ltd owns 9,701 shares. Kelly Lawrence W & Ca holds 3,000 shares. 598,748 were accumulated by British Columbia Mngmt. Regentatlantic Ltd has invested 0.03% in The Southern Company (NYSE:SO).

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained The Southern Company (NYSE:SO) rating on Wednesday, December 6. SunTrust has “Hold” rating and $53.0 target. The company was maintained on Thursday, April 13 by Jefferies. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Jefferies with “Buy” on Tuesday, September 12. On Thursday, January 11 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Tuesday, August 1 by Deutsche Bank. SunTrust maintained the stock with “Neutral” rating in Monday, October 19 report. RBC Capital Markets maintained it with “Hold” rating and $5300 target in Wednesday, June 28 report. The stock has “Underweight” rating by JP Morgan on Tuesday, April 10. The rating was maintained by SunTrust with “Hold” on Monday, January 22.

Brookstone Capital Management, which manages about $975.50M and $1.11B US Long portfolio, decreased its stake in Ishares Tr (EMB) by 4,694 shares to 129,121 shares, valued at $14.99 million in 2017Q4, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 59,680 shares in the quarter, leaving it with 10,636 shares, and cut its stake in Cf Inds Hldgs Inc (NYSE:CF).

Since October 26, 2017, it had 0 buys, and 7 selling transactions for $6.98 million activity. $825,981 worth of Public Service Enterprise Group Incorporated (NYSE:PEG) shares were sold by Linde Tamara Louise.

Among 16 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. Public Service Enterprise Group Incorporated had 58 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Buy” on Tuesday, December 20. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, July 23. Morgan Stanley maintained Public Service Enterprise Group Incorporated (NYSE:PEG) on Monday, November 13 with “Overweight” rating. Mizuho maintained the shares of PEG in report on Friday, March 2 with “Hold” rating. Wells Fargo maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Monday, February 26. Wells Fargo has “Outperform” rating and $56 target. As per Wednesday, December 13, the company rating was maintained by Morgan Stanley. The rating was maintained by Barclays Capital on Monday, March 14 with “Equal-Weight”. The stock has “Outperform” rating by RBC Capital Markets on Monday, October 5. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Overweight”. Goldman Sachs upgraded Public Service Enterprise Group Incorporated (NYSE:PEG) on Monday, October 17 to “Buy” rating.

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.03, from 1.06 in 2017Q3. It turned negative, as 32 investors sold PEG shares while 227 reduced holdings. 73 funds opened positions while 195 raised stakes. 332.49 million shares or 1.41% more from 327.87 million shares in 2017Q3 were reported. Smith Graham And Communications Invest Advisors Limited Partnership has 0.5% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 102,720 shares. Ahl Prtn Llp holds 0.01% or 14,459 shares in its portfolio. Nelson Roberts Inv Advisors Lc owns 0.01% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 670 shares. Ftb stated it has 142,556 shares. Cap Inv Advsrs Ltd Llc, Georgia-based fund reported 8,138 shares. Dalton Greiner Hartman Maher And Co owns 185,620 shares for 0.5% of their portfolio. Adirondack Tru Co has 2,164 shares for 0.08% of their portfolio. Moreover, Neumann Capital Management Ltd Liability has 1% invested in Public Service Enterprise Group Incorporated (NYSE:PEG). Hexavest Inc holds 585,598 shares. Van Eck Assoc invested in 33,164 shares or 0.01% of the stock. Massachusetts Svcs Ma, Massachusetts-based fund reported 3.81M shares. 42,859 are held by Norinchukin Comml Bank The. Sigma Planning accumulated 4,265 shares. Morgan Stanley holds 1.68M shares. Ruggie Cap Gru holds 0.02% in Public Service Enterprise Group Incorporated (NYSE:PEG) or 529 shares.

Public Service Enterprise Group Incorporated (NYSE:PEG) Institutional Positions Chart

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